Essity Divests Operations In Russia

Essity Logo vector logoThe hygiene and health company Essity recently announced it has divested its operations in Russia. Essity has signed an agreement with a buyer and the transaction has now been approved by Russian authorities. The transaction is expected to be finalized during the second quarter of 2023.

Essity began work in April 2022 to exit the Russian market, and in 2022 an impairment was carried out of the company’s assets in Russia of approximately SEK 1.7bn. In 2022, Essity’s net sales in Russia amounted to approximately 2% of the Group’s total net sales. The total earnings impact will be reported when the transaction is finalized but is not expected to have a material financial impact.

Essity is a global hygiene and health company that develops, produces, and sells personal care, consumer tissue, and professional hygiene products and solutions. Visit www.essity.com.

Share on Socials!

Related Articles

Related Articles

Tork Achieves Milestone In Data-Driven Cleaning Technology

Tork Vision Cleaning is a technology that meets today’s expectations for digital connectivity across facilities. (Photo courtesy of Tork) Tork, an Essity brand, has achieved a ...
Read More

Congress Passes ISSA Priorities As Part Of Major Tax Bill

On July 3, 2025, Congress approved a major tax and spending bill, which the U.S. House of Representatives passed with a final vote of 218-214. The Senate passed ...
Read More

Truelink Capital Acquires Zep, A Cleaning Products And Maintenance Services Provider

Truelink Capital (Truelink), a Los Angeles-based private equity firm, has announced it has closed the acquisition of Zep, Inc. (Zep), a manufacturer of maintenance, cleaning, and sanitation ...
Read More